Summit Daily letters: Why wreck our economy over minimal environmental gains?
Why wreck our economy over minimal environmental gains?
The letter from the Summit County mayors on climate change amounts to yet another monument to meaningless virtue signaling. Why? Because if our county were to cease all economic activity it would make not one iota of difference to global warming. In fact, if our nation met all of the requirements of the Democrats’ Green New Deal, the theoretical impact on the global climate would be minuscule because the U.S. is only responsible for 13% of worldwide carbon emissions. We may be foolish enough to incinerate our own economy to meet ephemeral environmental goals, but rest assured that the developing world will not.
For a sane, non-hysterical assessment of the scale of the climate change problem, see economists Bjorn Lomborg (climate change will subtract only 2% from global GDP in a hundred years) and the Manhattan Institute regarding the feasibility of renewable energy (wholesale conversion to renewables is unaffordable and in defiance of the laws of physics).
We must make prescription drugs more affordable
Politicians have been talking about the high price of prescription drugs for years. I take two different prescriptions to control my blood pressure and every time I pick up my prescription I am astonished by the increasing price. It is difficult for me to plan for how much money I will need to spend on my medications with prices always changing. Recently, I was encouraged that Congress appeared to be taking steps to address this issue by holding several hearings on out-of-control prescription drug prices.
Although I am hopeful that our lawmakers in D.C. will address the issue of high drug prices, I am concerned about the administration’s newly proposed “Rebate Rule” that would bail out big pharmaceutical companies. It appears that the drug lobbyists are pushing hard to eliminate an important negotiating step that would reduce the ability of pharmacy benefit managers to lower prices. Studies have shown that annually, PBMs save patients between 40 and 50% on prescription drug costs. This Rebate Rule would especially hurt seniors and people with disabilities.
We need Congress to do everything possible to make drugs more affordable — the Rebate Rule only bails out big pharma and does nothing to reduce the price of prescription drugs for hardworking Americans. I hope Sen. Gardner and the rest of our Colorado delegation will oppose this proposal and instead back proposals that increase transparency and competition for prescription drugs.
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